“Views about the Bloomsbury Group remain remarkably divided.... Now the reissue in a single volume of Robert Skidelsky’s biography of John Maynard Keynes - originally published in three volumes between 1983 and 2000 - provides a thoughtful reassessment, not just of Bloomsbury in the life of Keynes, but of the Bloomsbury phenomenon in the 20th century,” writes Mark Archer in the Financial Times.
At the same time the US is getting a new $20 bill, Iraqis are getting a completely new currency. 
In the photo to the right, a worker for the US military in Iraq throws Iraqi 10,000 dinar notes into furnace to make way for the new US-approved currency. Click on the pic to supersize it and then see the complete slideshow, which features many pictures of flaming paper money.
The following letter arrived in our offices via email from a family member of a US soldier in Iraq. The soldier writes:
Building this country back up is turning out to be a monumental task and, as much as we try to be fair on the macro scale, we seem to be so unfair on the micro scale. I went on a raid a couple weeks ago with OGA to a club that used to be owned by Uday Hussein. We were augmented by a group of soldiers from the 3-124th Infantry Battalion, a National Guard Unit from Florida.
In his column, “A Wirtschaftswunder for California,” Jack Kemp suggests that “Schwarzenegger has a historic opportunity to create a Wirtschaftswunder - an economic miracle... My friendly advice to you, Mr. Governor-elect, is to...read fellow Austrian economists Ludwig von Mises and Frederick Hayek, on whose ideas the Wirtschaftswunder was based, and study Erhard’s recipe for growth in the how-to book he authored, Prosperity for All.”
William Watson writing in the National Post on economics and knowledge: “Professional achievement isn’t everything in life, but a Nobel presumably helped him die a happy man. So hope remains. The only problem now is coming up with a Nobel-sized idea or two.
Once again it was government regulation that was designed to help that ends up destroying a vital component of the market: “The Rise and Fall of the Fraternal Life Insurer: Law and Finance in U.S. Life Insurance, 1870-1920“ by GEORGE H. ZANJANI (Federal Reserve Bank of New York - Capital Markets Function)
In a recent article, I laid out the Misesian approach of praxeology, or the science of human action. Contrary to the mainstream positivist position, in which all economic theories must lead to falsifiable predictions that can be tested, Ludwig von Mises believed that valid economic theorems must be deducible from the axiom, “Humans act.”
